IL
Sangamon
Springfield
62704
701 W Vine Street
701 W Vine Street, Springfield, IL 62704
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Listing Type
Multi Family
Listing Status
Active
43
$225,000

Home Details for 701 W Vine Street

Price
$225,000
Type
Residential Income
Bedrooms
4
Total Bathrooms
2
Year built
1940
County
Sangamon
Total rooms
14
Basement
Unfinished, Block, Full
MLS Listing#
12664625
Property Description

Affordable Entry-Level Duplex Investment. High-Demand Rental Area 2 Blocks from Washington Park. Excellent opportunity for first-time investors or those looking to expand their portfolio with an affordable, income-producing property. New shingle roof, gutters, and windows in 2014. Interior of both units remodeled in 2016. New rubber roof over sunrooms in 2024. Current Rent: $2,050/month. Lease Terms: month-to-month. Low barrier to entry with strong rental demand. Potential to improve returns through light value-add upgrades. This property is ideal for "house hacking," long-term rental income, or as a stable addition to a diversified portfolio. Investment Highlights: Attractive price point for new investors. Strong rental demand in the area-opportunity for forced appreciation. Renting below current market rates. Great location in Springfield, IL, only 2 blocks away from Washington Park. Property is being sold in "as-is" condition.

Property Features
  • Parking
    • No Garage
    • Attached
    • Off Street
    • Garage
  • Basement
    • Unfinished
    • Block
    • Full
  • Heating Information
    • Other
  • Water Features
    • Public
  • Garage
    • 1
School Information
School Information for 701 W Vine Street, Springfield, IL 62704
Elementary School
Graham Elementary School
Middle School
Franklin Middle School
High School
N/A
Listing Courtesy: Realty One Group Inc. - 773-427-9200
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-06-10 04:20:30. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-06-10 04:20:30
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EXIT STRATEGY REALTY
2935 N. Clark St., Chicago, IL 60657
Office
312 554 5478
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